TakaPay Raises $5 Million to Rebuild Merchant Payments

TakaPay has raised $5 million in Series A funding to expand its merchant payment infrastructure beyond Bangladesh.\n\n## Why it matters\n\nSmall merchants in South Asia pay some of the highest effective transaction costs in the world, largely because they sit outside the scale agreements enjoyed by large retailers. A network built specifically for that segment changes the economics of going digital.\n\nFor investors, the round is a bet that payment infrastructure in emerging markets is still under-built rather than over-funded.